Cwm LLC Has $126,000 Stock Position in Allegro MicroSystems, Inc. $ALGM

Cwm LLC trimmed its stake in shares of Allegro MicroSystems, Inc. (NASDAQ:ALGM) by 14.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,677 shares of the company’s stock after selling 622 shares during the period. Cwm LLC’s holdings in Allegro MicroSystems were worth $126,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. grew its position in Allegro MicroSystems by 29.2% in the second quarter. UMB Bank n.a. now owns 1,835 shares of the company’s stock valued at $63,000 after purchasing an additional 415 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Allegro MicroSystems during the 1st quarter worth about $71,000. Summit Securities Group LLC boosted its stake in shares of Allegro MicroSystems by 257.8% during the 1st quarter. Summit Securities Group LLC now owns 4,000 shares of the company’s stock worth $101,000 after buying an additional 2,882 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Allegro MicroSystems by 144.3% during the 1st quarter. GAMMA Investing LLC now owns 4,155 shares of the company’s stock worth $104,000 after buying an additional 2,454 shares during the last quarter. Finally, Quarry LP boosted its stake in shares of Allegro MicroSystems by 85.8% during the 1st quarter. Quarry LP now owns 6,689 shares of the company’s stock worth $168,000 after buying an additional 3,088 shares during the last quarter. 56.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ALGM has been the subject of a number of recent research reports. Morgan Stanley reduced their price objective on shares of Allegro MicroSystems from $38.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, August 1st. Wells Fargo & Company restated an “overweight” rating and set a $42.00 price objective (up from $33.00) on shares of Allegro MicroSystems in a research note on Wednesday, July 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Allegro MicroSystems in a research report on Wednesday, October 8th. Zacks Research raised shares of Allegro MicroSystems to a “hold” rating in a research report on Monday, August 11th. Finally, Mizuho lifted their price objective on shares of Allegro MicroSystems from $37.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, August 1st. Ten investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.10.

Allegro MicroSystems Stock Performance

NASDAQ ALGM opened at $29.92 on Friday. The company has a quick ratio of 2.26, a current ratio of 3.70 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $5.54 billion, a P/E ratio of -80.86 and a beta of 1.72. Allegro MicroSystems, Inc. has a 12-month low of $16.38 and a 12-month high of $38.45. The firm has a 50-day moving average price of $29.97 and a two-hundred day moving average price of $29.18.

Allegro MicroSystems (NASDAQ:ALGM) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $214.29 million during the quarter, compared to the consensus estimate of $210.75 million. Allegro MicroSystems had a negative net margin of 9.00% and a positive return on equity of 2.09%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 EPS. Allegro MicroSystems has set its Q3 2026 guidance at 0.120-0.160 EPS. Analysts anticipate that Allegro MicroSystems, Inc. will post 0.01 earnings per share for the current year.

Insider Activity

In related news, CAO Roald Graham Webster sold 8,266 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $32.81, for a total transaction of $271,207.46. Following the sale, the chief accounting officer owned 17,300 shares in the company, valued at approximately $567,613. This trade represents a 32.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.40% of the company’s stock.

About Allegro MicroSystems

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.